HOUSTON, TX, United States, via ETELIGIS INC., 06/11/2015 – – SCT&E LNG returns from a successful week in France where the company attended the 26th World Gas Conference (WGC) in Paris. Held at the Paris Expo Porte de Versailles, WGC was hosted by the International Gas Union. This conference is one of the largest and most important gas conferences in the global gas industry, gathering leading energy players and decision makers together to discuss the position of natural gas in the worldwide energy mix. Thousands of international delegates attended the conference which included policy makers, industry professionals, offtakers, investors, and top executives of natural gas companies. The World Gas Conference in Paris is only held once every three years, and SCT&E LNG was one of three U.S developers exhibiting at the conference. SCT&E LNG Chairman, Greg Michaels, announced, “The Company’s goal to meet new investors and offtakers interested in being involved in our scalable LNG project on Monkey Island was accomplished.” The WGC in Paris was structured around four main topics: natural gas for a sustainable development, gas with renewables and electricity, gas as a growing factor for new economies globally, and human capital for the future of the gas industry.
Exhibiting for the first time at the conference, Mr. Michaels explained the current state and future role of LNG and promoted the benefits of U.S. natural gas. “The energy industry is undergoing a revolution without precedent. We believe liquefied natural gas, LNG, is the fuel choice of the future with the greatest potential for growth worldwide. Growing economies are faced with the great challenge of fueling development in an environmentally sustainable way. LNG is a powerful solution to this challenge and can provide these countries with a clean-burning, more affordable fuel source.”
“An added component to what makes SCT&E LNG different than other LNG companies is that we now offer a fixed, low-price, and long-term option for our upstream natural gas,” says Mr. Michaels. SCT&E LNG recently announced that it signed a Memorandum of Understanding (MOU) with a sizable U.S. upstream natural gas supplier for its world-scale LNG project on Monkey Island, Cameron Parish, Louisiana. The agreement provides enough natural gas to enable the company to produce at least 4 million tons per annum (mtpa) of LNG. The LNG community present at the Conference in Paris responded very positively to the fixed price long-term contract option as well as the strategic location of SCT&E LNG’s future liquefaction facilities and export terminal to be built in Southwest Louisiana.
About SCT&E LNG:
Originally established by Southern California Telephone Company, doing business as Southern California Telephone & Energy (SCT&E), SCT&E LNG, INC. is a Nevada Corporation and a developer of an LNG export terminal. The SCT&E LNG project is currently modeled as an LNG tolling facility utilizing cryogenic technologies to liquefy natural gas for the exportation of natural gas globally. The SCT&E LNG plan is to liquefy approximately 1.62 billion cubic feet (bcf) per day of natural gas to create approximately 12 million tons per annum of LNG at its future facilities on Monkey Island, Cameron Parish, Louisiana.
Southern California Telephone Company, today SCT&E, is a successful twenty-year, privately owned United States Public Utility Company. The company was originally founded in 1994 as Wholesale Airtime, Inc. by CEO Greg Michaels. SCT&E is a telecommunications and energy company. SCT&E owns and operates a redundant telecommunications network and maintains facilities on both coasts of the United States. SCT&E holds a U.S. Federal Energy Regulatory Commission (FERC) Authority allowing it to buy and sell energy nationwide. SCT&E LNG has multiple locations, with its corporate office headquartered in Temecula, California.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks, uncertainties, and assumptions that include expected earnings, future growth and financial performance, and typically can be identified by the use of words such as “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe”, “optimistic,” “intend,” “will,” and similar terms. Although SCT&E LNG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially from those anticipated in these forward-looking statements. A variety of factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the oil, gas and LNG industries, weather conditions, competition and developments in oil, gas and LNG markets beyond the Company’s control, the volatility of energy and fuel prices, failure of customers to perform under contracts, changes in the oil, gas and LNG markets, changes in government regulations of markets and of environmental emissions, the condition of capital markets generally, securitization of sufficient capital or a strategic business arrangement to fund its plan of operation, the Company’s ability to access capital markets, management resources and infrastructure necessary to support the growth of its business, unanticipated facilities outages, adverse results in current and future litigation, failure to identify or successfully implement acquisitions (including receipt of third party consents and regulatory approvals), failure to acquire or transact on off-take agreements, and other risk factors related to the liquefied natural gas and related and connected business.
All forward-looking statements attributable to SCT&E LNG or persons acting on its behalf are expressly qualified in their entirety by these factors. SCT&E LNG undertakes no obligation to update or revise any forward-looking statements, other than as required under applicable securities laws, whether as a result of new information, future events or otherwise. The foregoing factors could cause SCT&E LNG’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release and should be considered in connection with information regarding risks and uncertainties that may affect SCT&E LNG’s future results.
Lisa Musick, Public Relations
SCT&E LNG, Inc.
15021 Katy Freeway, Suite 210
Houston, Texas 77094
SOURCE: SCT&E LNG